Page 16 - EurOil Week 25 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global IOCs.
(NRG), in which the reader is invited to join Last week, the French super-major took a
our team of international editors, who provide a 25% stake in a JV – assumed to be called NFE
snapshot of some of the key issues affecting their 1 – with the Qatari firm running until 2054.
regional beats. We hope you will like NRG's new The JV was awarded a 25% stake in NFE, pro-
concise format, but by clicking on the headline viding QatarEnergy 18.75% of equity and with
link for each section the full text will be available its partner taking 6.25%.
as before.
LatAmOil: APA reports on size of Krabda-
AfrOil: First Gas Loaded Into Coral Sul FLNG gu-1 well offshore Suriname
The Coral South LNG consortium is on track APA Corp. (US) revealed on June 21 that
to begin producing LNG on schedule in the Krabdagu-1, an exploration well drilled
second half of 2022, as it has begun loading at Block 58 offshore Suriname, appeared
natural gas into the Coral Sul floating LNG to contain at least 180mn barrels of oil in
(FLNG) vessel installed at Area 4 offshore place (OIP).
Mozambique. In a statement, APA said flow test data
collected from the well indicated that Krab-
AsianOil: JGC Indonesia Awarded EPC dagu-1 held crude oil in the Upper Cam-
Contract For Akatara Gas Plant And Pipe- panian and Lower Campanian horizons.
line In the Upper Campanian horizon, the
Japan’s JGC Holding has announced that well encountered 32 metres of net pay in a
its subsidiary, JGC Indonesia, has won an high-quality reservoir holding more than
engineering, procurement and construc- 100mn barrels of oil with a specific gravity
tion (EPC) contract from Jadestone Energy of around 35 degrees API.
(Lemang) for a gas processing facility and a
sales pipeline for the onshore Akatara gas MEOG:Kuwait To Drill Offshore
field. In this week’s MEOG, Kuwait draws closer
to beginning offshore exploration while
DMEA: Al-Zour Commissioning Under Way Abu Dhabi awards continue under efforts to
In a big week for Kuwait, DMEA covers the expand capacity.
launch of the country’s giant new oil refinery. State-owned Kuwait Oil Co. (KOC)
Kuwait’s Integrated Petroleum Indus- is nearing the start of offshore drilling,
tries Co. (KIPIC) has begun test runs at its three years since the contract for the work
greenfield Al-Zour refinery in the south of was awarded. In mid-2019, KOC signed a
the country, marking the start of the facility’s KWD181.4mn ($597mn) contract in with
commissioning. US firm Halliburton to drill six exploratory
wells offshore Kuwait.
FSUOGM: Novatek Head Downplays Con-
cerns Of Arctic LNG-2 Launch Delays NorthAmOil: Targa To Buy Lucid In $3.6bn
Novatek CEO Leonid Mikhelson sought Permian Acquisition
to downplay concerns about delays at the Targa Resources announced on June 16 that
company’s Arctic LNG-2 project at the St it had struck a deal to buy Lucid Energy from
Petersburg International Economic Forum Riverstone Holdings and Goldman Sachs Asset See the archive and
(SPIEF) last week, noting that while there Management for $3.55bn in cash. sign up to receive
were “many problems, we strive to meet the The transaction represents the largest mid- *NRG Editor’s Picks*
2023 deadline.” stream acquisition and divestiture (A&D) deal for free by email each
in the Permian Basin since 2019, according week here
GLNG: QatarEnergy Adds More JVs For NFE to energy analytics firm Enverus. It includes
Development roughly 1,050 miles (1,690 km) of natural gas
QatarEnergy has followed up on last week’s pipelines and around 1.4bn cubic feet (39.6mn
deal to include TotalEnergies in its North Field cubic metres) of cryogenic gas-processing
East (NFE) LNG expansion with the signing of capacity in service or under construction, pri-
joint venture (JV) agreements with three more marily in New Mexico’s Eddy and Lea counties.

P16 www. NEWSBASE .com Week 25 23•June•2022